HKC (Holdings) Limited provided earning guidance for the six months ended June 30, 2019. The Group is expected to record a slightly more than 60% reduction in the unaudited consolidated net profit for the six months ended June 30, 2019 as compared to the unaudited consolidated net profit of approximately HKD 457.8 million for the previous corresponding six months ended June 30, 2018. During the 2018 interim period, the Group recorded non-recurring revaluation gains of approximately HKD 339.5 million, primarily related to the completion of an investment property, Shanghai Landmark Centre. These gains were not repeated during the 2019 interim period. In addition, residential sales have decreased compared with the same period last year as the Group has a much smaller inventory of residential units available for sale.